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151. Voices of CEO excellence: Blackstone’s Stephen Schwarzman

Inside the Strategy Room

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The Three Elements of a Strategy

When you start something, you have to have a compelling reason for being in business. We decided right out of the box, one part of the strategy had to be doing the M&A business. It's what I knew how to do and it required no capital. The world didn't much care, which I thought was an oversight by the world.

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